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30 Who is the typical fund owner?
According to several surveys by the Investment Company Institute (ICI) conducted over the last several years:
63% of investors own at least two mutual funds.
43% of investors own four or more funds.
The average mutual fund investor holds $18,000 in mutual funds.
The average median age is 44 with a median household income of $60,000.
Other interesting facts from the ICI surveys include:
73% of mutual fund investors own stock funds.
49% of mutual fund investors own bond funds.
52% of mutual fund investors own money market funds.
60% of mutual fund investors purchased their funds through a broker,
insurance agent, financial planner or bank rep.
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